1) Yesterday, U.S. ETF institutions saw a net inflow of $500 million, with net inflows continuing over the past two weeks; among them, BlackRock had a net inflow of $152 million yesterday and a total net inflow of $52 billion; BlackRock essentially buys more and sells less, clearly becoming one of the ETF institutions holding the most BTC and influencing market rhythm.
2) Due to the net inflow of funds from U.S. ETF institutions over the past two weeks, continuously buying, along with some states in the U.S. implementing plans to designate Bitcoin as a strategic reserve, buying pressure for Bitcoin is relatively strong. BTC has been fluctuating between 10.6 and 10.8 for three days with minimal volatility, and it will choose a new short-term direction next week.
3) I personally believe that there is a possibility for Bitcoin to directly break upwards and initiate a new round of upward trend next week, but it is small and will require time to consolidate; the probability of first dropping to around 10.2 and then consolidating upwards next week is higher.
4) Once Bitcoin chooses to break upwards and initiates a new round of upward trend, the target price is likely to rise to $150,000 - $160,000, due to the ambitious intentions of U.S. ETF institutions and the astonishing total net inflow of funds.
